Fall River Mills, California Property Taxes
The median property tax rate in Fall River Mills, CA is 1.07%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Fall River Mills at $160,932, the typical annual property tax bill amounts to $1,680, which is below the national median of $2,690. Property taxes in Fall River Mills are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fall River Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fall River Mills or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fall River Mills, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,722
$1,598
Ownwell’s Fall River Mills Property Tax Bill Calculator helps homeowners, real estate investors, and potential buyers estimate their annual property taxes in Fall River Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fall River Mills to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fall River Mills, California
Property taxes in Fall River Mills, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fall River Mills is 1.07%, higher than the U.S. national median of 0.99%. Local government entities within Fall River Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fall River Mills estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Fall River Mills' effective property tax rate to other counties in California and the national median. For comparison, Fall River Mills has the highest median property tax rate of 1.07%, while also having the lowest median tax rate of 1.07%. Understanding how these cities compare with Fall River Mills provides valuable insights into the varying tax landscape across Shasta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fall River Mills Tax Rate
1.07%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fall River Mills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96028 | 1.01% | 1.05% | 1.07% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Fall River Mills, California
In Fall River Mills, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Shasta County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Fall River Mills, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Fall River Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96028 shows the highest and lowest median tax bill at $1680, reflecting the variability in property values within the area.
Property Tax Assessment Values Across Fall River Mills, California
Source: Ownwell
$52,608
$2,032,295
$4,011,982
Average Fall River Mills Assessed Value
$160,932
Average Shasta County Assessed Value
$225,497
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fall River Mills, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96028 | $42,952 | $85,293 | $160,932 | $264,556 | $359,866 |
Source: Ownwell
Property Tax Bills Across Fall River Mills, California
In Fall River Mills, located in Shasta County, CA, property tax bills are calculated based on the assessed value of the home. The median home price in this area is $160,932. Property taxes are determined by applying the local tax rate to this assessed value. Homeowners in Fall River Mills can expect a range of tax bills depending on various factors such as property size, location, and improvements. For instance, tax bills at the 25th percentile are around $860, while those at the 75th percentile reach approximately $2,792. At the 90th percentile, the tax bill can go up to $3,875. These property tax rates have a significant impact on homeowners, affecting their annual financial planning and overall cost of living. With the national median property tax rate at 0.99%, Fall River Mills presents a varied landscape for property taxes, offering both relatively lower and higher tax bills depending on individual property assessments. Homeowners should be aware of these factors to better understand their property tax obligations.
Average Fall River Mills Tax Bill
$1,680
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Fall River Mills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96028 | $423 | $860 | $1,680 | $2,792 | $3,875 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |